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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in De Witt at 422 3rd Ave, De Witt, IA, 52742 offers a 9.2% rental yield on a $156,000 purchase with $1,196/mo rent. Total monthly income registers $1,196/mo, and a $764/mo payment leaves $182/mo available for distribution. Annual cash flow reaches $2,189/yr on $51,714 to close, and return on cash invested stands at 24.14% in year one. Equity gained on principal adds $1,007/yr while 5% annual appreciation supports $43,100 over five years. Portfolio math shows five-year ROI at 125.99% and total cumulative return in cash at $65,154. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,196/mo property income against a $764/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52742, De Witt, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,330 (100%) |
| Owner Occupied HU | 2,409 (72.3%) |
| Renter Occupied HU | 728 (21.9%) |
| Vacant Housing Units | 193 ( 5.8%) |
| Median Home Value | $273,680 |
| Average Home Value | $299,149 |
Residential
3,208
Single Family
3,080
Multi-Family
128
Businesses
291
Date | Event | Price |
|---|---|---|
| 2025-08-01 | Sold | $156,000 |
| 2025-07-18 | Pending sale | $159,900 |
| 2025-07-11 | Listed for sale | $159,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $2208.00 | -7.62% | $130,720 | N/A |
| 2023-10-10 | $2390.00 | 13.16% | $130,720 | 10.58% |
| 2022-10-10 | $2112.00 | 2.33% | $118,210 | 13.71% |
Listed by: Thomas Scheetz • Mel Foster Co. Moline
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262791
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
